LAKE SUCCESS, N.Y.,
Oct. 16, 2017 /PRNewswire/ -- Broadridge Financial
Solutions, Inc. (NYSE: BR) announced that Earthport PLC, a
financial services company that provides cross-border payment
services to business enterprises and banks, has chosen Broadridge's
hosted service for Foreign Exchange and Cash Management
processing.
Broadridge's fully integrated solution will enable Earthport to
achieve automation and operating efficiency, seamlessly connecting
all processes in the business value chain. As a result, Earthport
will be able to handle a significantly larger volume of FXL deals,
enabling them to better scale and grow their operation. The
solution will eliminate many manual processes and drive higher
levels of straight-through processing at Earthport, allowing the
business to grow and scale profitability while maintaining tight
controls on operations and technology.
Broadridge FXL is a market leading 24/7 FX solution that
utilizes a rules- and exception-based system to reduce human
intervention. The technology enables clients to rapidly scale to
meet their customer needs around FX, options, money markets and
cash/liquidity management. The best-in-class, web-enabled solution
will allow Earthport to expand services in a controlled environment
and incorporate flexibility to enable a fast-track, efficient
response to complex market opportunities and regulatory change in
multiple jurisdictions.
"Earthport is delighted to have selected Broadridge FXL as the
core technology of its next generation treasury management and FX
systems," commented Harold Bosse,
Global Head of Product and PMO, Earthport. "Over the last three
years Earthport's transaction volume has grown by nearly 500%, so
the need for global scalability and feature richness is clear.
Earthport is a fast-moving, dynamic business which services not
only some of the largest banks in the world but also some of the
leading innovative fintech and ecommerce companies. As a growth
stage company with business in 65 countries and rising, the level
of complexity and sophistication required to manage the flows is
high relative to Earthport's 200-person size. Broadridge
offers solutions that can create immediate benefits for our global
client base and that serve as a foundational technology for our
high-growth future."
Mike Thrower, Managing Director,
EMEA Sales at Broadridge said: "The foreign exchange and cross
border payments industry is undergoing major transformation due to
market and regulatory changes. We are excited to help Earthport's
fast-growing payment service as they get ready for new challenges
and opportunities, and we look forward to helping empower their
future growth by optimizing their operational efficiency,
navigating operational risk and compliance and enriching their
client experience."
About Broadridge
Broadridge Financial Solutions, Inc. (NYSE:BR), a $4 billion global fintech leader, provides
investor communications and technology-driven solutions for
broker-dealers, banks, mutual funds and corporate issuers globally.
Broadridge's investor communications, securities processing and
managed services solutions help clients reduce their capital
investments in operations infrastructure, allowing them to increase
their focus on core business activities. With over 50 years
of experience, Broadridge's infrastructure underpins proxy voting
services for over 90 percent of public companies and mutual funds
in North America, and processes
more than $5 trillion in fixed income
and equity trades per day. Broadridge employs approximately
10,000 full-time associates in 16 countries. For more information
about Broadridge, please visit www.broadridge.com.
About Earthport
Earthport provides cross-border payment services to banks and
businesses. Through a single relationship with Earthport, clients
can seamlessly manage payments to almost any bank account in the
world, reducing complexity to meet their customers' evolving
expectations of cost, speed and transparency. Earthport offers
clients access to global payment capability in 190+ countries and
territories, with local ACH options in 65+ countries, and an
evolving suite of currencies and settlement options. Earthport
continues to invest in the establishment of in-country bank
partnerships across the world, bringing together its deep market
and regulatory expertise in order to maintain compliant and
commercially competitive services. The result – a trusted global
payments network accessed via a single relationship, delivering
significant cost and operating efficiencies for banks and
businesses servicing high volumes of lower value payments.
Headquartered in London with
regional offices in New York,
Dubai, Miami and Singapore, Earthport is a public company,
traded on the London Stock Exchange (AIM: EPO) with an
institutional investor base including World Bank IFC, Oppenheimer,
Blackrock, Henderson.
Please visit www.earthport.com for more
information.
Media Contacts:
Tina Wadhwa
Corporate Communications
+1 212-973-6164
tina.wadhwa@broadridge.com
Brett Philbin
Edelman
+1 212-704-8263
brett.philbin@edelman.com
Hannah James
Cognito, EMEA
+44 (0) 20 74269428
Hannah.James@cognitomedia.com
Peggy Wu
Teneo Strategy, APAC
+65 6876 5785
peggy.wu@teneostrategy.com
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SOURCE Broadridge Financial Solutions, Inc.